SALM SalMar ASA

SalMar - Final year-end financial statements for 2019 approved by the board of directors

SalMar - Final year-end financial statements for 2019 approved by the board of directors

At a meeting held on 2 April 2020, the board of directors of SalMar ASA has reviewed and approved the final year-end financial statements for 2019. Final accounts are not altered from preliminary figures published on 26 February 2020.

As communicated 17 March 2020 there will not be paid a dividend for 2019. This due to the uncertainty that now prevails regarding the spread of coronavirus disease (Covid-19) and the consequences it may have for the entire value chain and a number of local communities along the coast.

An electronic version of the final accounts will be published through the Oslo Børs (Oslo stock exchange) and ww.salmar.no on 23 April 2020.

The annual general meeting is scheduled to Wednesday 3 June 2020 at the company's headquarters at Frøya. The notice, annual report and agenda with attachments will be published through Oslo stock exchange and

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

EN
02/04/2020

Underlying

SALMSalMar ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SalMar ASA

Alexander Aukner
  • Alexander Aukner
BMK BENCHMARK HOLDINGS
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
04/25/25 April 25, 2025 1 EN
Alexander Aukner
  • Alexander Aukner
Free Trial
SALM SALMAR ASA

SalMar (Buy, TP: NOK650.00) - Minor model adjustments

We have updated our estimates for the volumes in the recent Q1 trading update and a back-end-loaded harvest profile in the quarter, with a higher share of downgrades. We expect operating EBIT of NOK997m for the quarter, c16% below consensus of NOK1,188m. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our NOK650 target price. The full Q1 report is due at 06:30 CET on 20 May.

04/23/25 April 23, 2025 1 EN
ABGSC Seafood Research ... (+3)
  • ABGSC Seafood Research
  • Martin Kaland
  • Simon Brun
04/23/25 April 23, 2025 1 EN
Alexander Aukner
  • Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
04/22/25 April 22, 2025 1 EN
Alexander Aukner
  • Alexander Aukner
Free Trial
LSG Leroy Seafood G...
AUSS Austevoll Seafo... ... (+13)

Time to revisit

The unfolding trade war has led us to cut our global 2025–2027e demand and trim our spot price estimates. The negative price effect is partly countered by reduced mortality boosting volumes and lowering costs, leading to net EPS cuts of 11–2%. Given the sector’s solid track record in adapting to past crises and recent share-price declines, we see a significantly improved risk/reward and have a positive stance on the sector. We have upgraded Mowi, Bakkafrost, and Grieg Seafood to BUY (HOLD).

LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
04/22/25 April 22, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch